Latest Real Estate News

Competition in the super-luxury residential market segment in Dubai is set to get hotter with Italian luxury brand Bulgari entering the real estate arena to compete with Giorgio Armani and Gianni Versace-branded properties.

Meraas, a Dubai-based master developer, on Monday launched the residential component of the Bulgari R...
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Once again, investors from the Indian subcontinent have topped the list of expatriate investors in Dubai’s property market, as total transactions cross Dh64 billion in the first quarter 2015, according to the Dubai Land Department (DLD).

Competition in Dubai’s mid to lower-end income housing market is heating up with Al Mazaya Holding, a regional real estate developer, entering the market with Q Line, a mid-income housing project, in its Dh2.6 billion Queue Point master development in Liwan, Dubailand.

Residential rents in Abu Dhabi are not likely to ease any time this year due to an existing demand-supply mismatch, but renters can still lease one- to two-bed units in Khalifa City and Mohammed bin Zayed City for Dh55,000 to Dh80,000 per annum (pa), latest reports by real estate consultancies reveal.

The pace of rent increase in Dubai has slowed down in the last three months, but still a majority of residents are likely to move apartments when their lease comes up for renewal, according to a new report.

“The survey showed that Dubai residents are still very likely to move homes due to continued rent increases. Six...
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Dubai Municipality (DM) will commence work on a mega beachfront development set around Al Mamzar Lake in Deira, which will be akin to Jumeirah Beach Residence, according to a senior government official.

“We are working on the project and the concept design has been agreed on. It is going to be a destination like other...
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Abu Dhabi-based Tasweek real estate development and marketing company and other UAE investors intend to inject nearly three billion US dollars into health and tourism projects in Morocco, its CEO was reported on Sunday as saying.

Indian government has approved the Real Estate Development and Regulation Bill, which will now pave way to set up a real estate regulatory authority, akin to Dubai’s Real Estate Regulatory Agency (Rera).

The move is aimed at protecting property buyers' by bringing transparency and accountability into the sector wi...
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Emirates Hills, home to some of the richest in Dubai, has topped the list of the top 10 biggest villa deals for the first quarter 2015, reveals data shared exclusively by Reidin.com with Emirates 24|7.

Five transactions were reported in the upscale community, totaling Dh223 million, with Palm Jumeirah accounting for the rem...
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Dubai property developer Damac will consider taking an equity stake in a project to build a 50-storey mixed-use tower in central London, which would mark its entry into the British market, it said on Sunday.

The second biggest Dubai developer by market value has projects in the United Arab Emirates, Qatar, Saudi Arabia, J...
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Dubai Municipality will commence work on a ‘Mini World Park’, designed to showcase replicas of famous monuments from all over the world, after it finalises its location, a senior government official told Emirates 24|7.

“The park is on hold, but we are going to restart once we determine a location. There ar...
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Residential rents in Dubai rose 3 per cent in the first quarter 2015 compared to a decline of 1 per cent reported in the fourth quarter 014, according to report by a chartered surveyor and property consultancy firm.

“Even though the pace of apartment rental increases lost much of its vigour by the end of 2014, quarter...
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The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
Dubai ranked second worldwide for prime rental growth in 2014, registering an increase of 8.1 per cent last year, according to Knight Frank’s latest global rental index.